Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

New report, titled Reversing Inequality: Unleashing the Transformative Potential of an Equitable Economy, goes beyond false solutions to understand the systemic drivers and the challenges of concentrated wealth and power. (Image: Cover detail / Institute for Policy Studies & Next Systems Project)

What Would It Really Take to Reverse Inequality?

Unleashing the transformative potential of an equitable economy

Chuck Collins

 by Inequality.org

While there is now widespread understanding that extreme income and wealth inequality is growing and has negative impacts on society, most proposed solutions fail to address deeper systemic drivers. If we misdiagnose an illness, we are likely to prescribe an insufficient or even dangerous remedy. If we misdiagnose the causes of inequality, we will likely put forward misguided solutions.

For example, if we believe that inequality is primarily driven by changes in technology and globalization—what economists call a skills-biased technological change— then our solution will focus on investing in workforce education and skills expansion. While technological change and globalization have supercharged inequalities, they are not the primary drivers.

My new report, Reversing Inequality: Unleashing the Transformative Potential of an Equitable Economy, co-published with the Institute for Policy Studies and the Next Systems Project goes beyond false solutions to understand the systemic drivers and the challenges of concentrated wealth and power.


This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License.
Chuck Collins

Chuck Collins

Chuck Collins is a senior scholar at the Institute for Policy Studies where he co-edits Inequality.org, and is author of the new book, "Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good."  He is co-founder of Wealth for the Common Good, recently merged with the Patriotic Millionaires. He is co-author of "99 to 1: The Moral Measure of the Economy" and, with Bill Gates Sr., of "Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes."

Progressives Say 'Do What the People Want and Tax the Rich' to Pay for Infrastructure

"It is obvious that if we're going to address the needs of working families in this country, we need revenue," says Sen. Bernie Sanders, "and one way that we get that revenue is by demanding that the wealthiest people, the largest corporations are paying their fair share."

Jessica Corbett, staff writer ·


Doctors Without Borders Calls on BioNTech to Share Vaccine Tech With World

"The faster companies share the know-how, the faster we can put an end to this pandemic."

Andrea Germanos, staff writer ·


Over 30,000 US Veterans of Post-9/11 Wars Have Killed Themselves Since 2001

"As we come closer to the twentieth anniversary of the September 11th attacks, we must reflect on the mental health cost of the Global War on Terror."

Julia Conley, staff writer ·


Sunrise Ends 400-Mile Climate March With Arrests at Ted Cruz's House

The Gulf South marchers demand that Congress and the Biden White House pass bold climate jobs legislation, including a bill to create a Civilian Climate Corps.

Jessica Corbett, staff writer ·


Global Hopes in Doubt After G7 Fails to Meet Climate Finance Pledges for Poor Nations

"I'd have really hoped for a clearer signal on how and when we will be able to see the commitment to mobilize the $100 billion fulfilled."

Andrea Germanos, staff writer ·